Neco Model Questions Vol1 2025 Financial Accounting Question 22
Practice objective / multiple choice question 22 from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
A business bought equipment costing \(\₦45,000\). It paid \(\₦22,500\) in cash and the remaining amount on credit. Freight of \(\₦2,500\) to bring the equipment to the premises was paid in cash. By how much does the cash balance decrease as a result of this transaction?
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About This Question
This is Neco Model Questions Vol1 2025 Financial Accounting Question 22. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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